Future value of a 16710 Pepsi.....

[Onikage]

Originally Posted by Zweig

I feel very lucky to have a 5 digit GMT Master II and i'll never sell it.
For me, it's the best watch in the world. Period.

Agree 100% bro. It is.

[GasMD]

I just bought one that was in very nice condition. I have the other two bezels on the way and about to get a jubilee bracelet. 6 watches in 1. Can't beat it.

I personally do not like the looks of the bigger cases on the newer Rolexes. I can't get used to the lugs being so much wider than the bracelet. So for me I'll stick with the "older" style Rolexes. I've been watching GMTs for a while and finally decided to get one because they seem to be getting more expensive and a little harder to find one in good condition. A trusted seller on TRF found me one in great condition and now it's my daily wearer as the Sub sits in the safe.

[jcd]

Originally Posted by Zweig

I feel very lucky to have a 5 digit GMT Master II and i'll never sell it.
For me, it's the best watch in the world. Period.

Agreed. I love to flip watches but my 16710 is here to stay. I always wanted one and I really can't explain why I bought other watches first. It's so versatile and fun (for me at least) to put it on a jubilee, oyster or a strap. Or to change all the bezel inserts. It fulfills my need for change, without having to sell and buy. It's the perfect watch.

Here's mine last week.



And today.

[padi56]

Originally Posted by Rolex Freak

If we keep this thread alive for another 5-10 years, we will have our answer.

Don't bank on that even in the next 30 years its been in production since 1988 its now a almost two a penny watch.

[breitlings]

Originally Posted by padi56

Don't bank on that even in the next 30 years its been in production since 1988 its now a almost two a penny watch.

I've got to disagree on this. Simple case of being undervalued as it's not vintage and not modern. I just don't think many people will want to sell and more people will want to buy over time pushing the prices to about 8-10k in the next 5 years.

Padi, same thing happens all the time in different hard assets. Just look at testarossas you could pick them up for 50k when people were talking about the new cars, now they are 100-500k.

[chillwill120]

IMO, the most iconic Rolexes are the TT DJ, the SS Sub, the TT Blue Sub, the YG President and the Pepsi GMT. All of these are available new in some form except for the Pepsi GMT. I think prices will go nowhere but up

[hbk75]

Originally Posted by breitlings

I've got to disagree on this. Simple case of being undervalued as it's not vintage and not modern. I just don't think many people will want to sell and more people will want to buy over time pushing the prices to about 8-10k in the next 5 years.

Padi, same thing happens all the time in different hard assets. Just look at testarossas you could pick them up for 50k when people were talking about the new cars, now they are 100-500k.

this is

i've tried posting it for sales many times but when the sellers started contacting me. i will always think twice and decided not to sell. it has happened many times. so i think this watch is gonna stick with me for life.

[padi56]

Originally Posted by Speed

Sorry Padi. What do you mean by "two a penny watch" ?

Do you mean there are many in circulation - or simply relatively "cheap" compared to other Rolex watches? 🍻

Simply this there must be hundreds of thousands of 16710 in this world today plus the insert are very easy to change to whatever insert.

Originally Posted by breitlings

I've got to disagree on this. Simple case of being undervalued as it's not vintage and not modern. I just don't think many people will want to sell and more people will want to buy over time pushing the prices to about 8-10k in the next 5 years.

Padi, same thing happens all the time in different hard assets. Just look at testarossas you could pick them up for 50k when people were talking about the new cars, now they are 100-500k.

Today we have two types of Rolex collector the serious collector that I would doubt if any 16710 would be high on the list of collectible watches.Then we have the Rolex hype collector, now they in general will collect whatever the internet hype generates, just like the so called stick or mistake dial GMT.

[cornerstore]

Originally Posted by padi56

Simply this there must be hundreds of thousands of 16710 in this world today plus the insert are very easy to change to whatever insert.


Today we have two types of Rolex collector the serious collector that I would doubt if any 16710 would be high on the list of collectible watches.Then we have the Rolex hype collector, now they in general will collect whatever the internet hype generates, just like the so called stick or mistake dial GMT.

Saw this old thread and thought I'd update it. Interesting perspectives from the past. Seems the "hype" goes on and prices keep climbing. Z serial no special features. http://www.rolexforums.com/showthread.php?t=488716

[FTX I]

A well known seller in the Netherlands is asking 18k for one.

http://www.jkwatchstore.nl/store/111...-3186-m-serie/

[watchwatcher]

Originally Posted by FTX I

A well known seller in the Netherlands is asking 18k for one.

http://www.jkwatchstore.nl/store/111...-3186-m-serie/

Wow.

[SeaAndSky]

Originally Posted by watchwatcher

Wow.

Ridiculous. A fool and his money are soon parted.

[SeeDweller]

Originally Posted by SeaAndSky

Ridiculous. A fool and his money are soon parted.

Are you saying that purchasing a SS GMT Pepsi is a "fool's errand", my dear Shakespearian friend?

[AJMarcus]

Every time I walk into a rolexAD with my Z serial 16710 Pepsi they offer to buy it on the spot. i was offered a NIB 116710 for it. AD told me he would sell it in one hour. I think that says a lot. The value is higher if the 16710 was actually born a Pepsi which Rolex can confirm. It's all about supply and demand and nothing to do with logic. Collectibles are driven by market forces. and of course emotion!

[SeeDweller]

Hate to open the discussion on an old topic (but, isn't that what vintage collectors thrive on??)
I'm about to buy my first Pepsi GMT. Have options on a '91 GMT Master II, Model 16710, w/ papers, or a '03 GMT-Master II, Model 16710, w/out papers, both from reputable dealers, and each in excellent condition, and each for about $6K.

Which would have a more long-term investment potential?
And, thank you for allowing me on this forum!

[Rolex Freak]

Originally Posted by BobMiller

Hate to open the discussion on an old topic (but, isn't that what vintage collectors thrive on??)

I'm about to buy my first Pepsi GMT. Have options on a '91 GMT Master II, Model 16710, w/ papers, or a '03 GMT-Master II, Model 16710, w/out papers, both from reputable dealers, and each in excellent condition, and each for about $6K.



Which would have a more long-term investment potential?

And, thank you for allowing me on this forum!

I think if you are planning on keeping the 16710 long term, the 03 is the better pick. The 03 will have SEL which most people from what I've read prefer. You can always obtain papers via a service. Not the originals but at least it's something to complete the set. The 91 will need a service based on the age and the bracelet won't have SEL's. At the end of the day, it ultimately comes down to personal preference.


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[breitlings]

how far ahead are you looking? Honestly I don't think any of us know the total amount of 16710s produced. the buy prices have gone up $500 over last year, but perhaps obviously its about how many people want to sell versus buy. i think the 16710 holds or appreciates as one of the last/best aluminum insert gmts that can switch bezels time half hour zones and be worn easily under a long shirt. i think there will always be buyers for it.

[SeeDweller]

Thank you for your quick reply!!
Both of these are from reputable dealers, though the '91 has (I know) a Rolex certified service, already.
What's SEL (solid links??). I certainly like the more solid bracelet clasp of the 2000 and later models (though I just bought a '01 Daytona and it DOES have that milled-like deployant, rather than the pressed metal of my older ('91) 15223 Date.
Guess I just want to know if there's a problem with the movement of the two specimens or if one was inherently better or more desirable. I'd really like to buy from Bob's, and that's the '91 model, but if I had my 'druthers, guess I'd get the newer one (less "mileage", so to speak??) even thought they're BOTH in great shape. Again, I'm asking you experts if there's more "collectable value" in the older one than the newer one.... (I think "the Freak" above may have answered that question for me...)
Again, many thanks for taking the effort in responding! you guys are awesome!

[Speed]

Sorry Padi. What do you mean by "two a penny watch" ?

Do you mean there are many in circulation - or simply relatively "cheap" compared to other Rolex watches? 🍻

[sond86]

Glad I got my m serial. I Had to flip a blnr for it

I've seen 3186 movements listed for sale for 10-11k and up. It would be great in a few years to see it go to 15k!

[SeeDweller]

So again, we're all in agreement that the Pepsi is a great watch and a great investment!

My question is . . .
1. Is there any advantage to getting the older ('91) as it's already older, but still in great shape and with papers? Personally, I think I'd like the ('04) SEL model better, but not THAT much better... and the '04-F watch doesn't have papers.

2. Is there ANY way to know if the Pepsi dial was on the ORIGINAL watch, as supplied by Rolex? Or . . . does that matter? (I spoke to the guy at Swiss Watch Expo who tells me that he puts new - and authentic - bezels on these watches, ... but can't tell me if it originally had a Pepsi bezel or not!) Would that be on the papers, if they come with the watch?

[springer]

Originally Posted by BobMiller

So again, we're all in agreement that the Pepsi is a great watch and a great investment!

My question is . . .
1. Is there any advantage to getting the older ('91) as it's already older, but still in great shape and with papers? Personally, I think I'd like the ('04) SEL model better, but not THAT much better... and the '04-F watch doesn't have papers.

2. Is there ANY way to know if the Pepsi dial was on the ORIGINAL watch, as supplied by Rolex? Or . . . does that matter? (I spoke to the guy at Swiss Watch Expo who tells me that he puts new - and authentic - bezels on these watches, ... but can't tell me if it originally had a Pepsi bezel or not!) Would that be on the papers, if they come with the watch?

USA warranty papers have a letter in the style code which designates the bezel color. It really isn't that significant since many dealers were known to swap or change inserts around.

As far as a 16710 being an appreciating asset, hundreds of thousands of the GMT II 16710s were made. While they might be appreciating in value, so are many other discontinued Rolex models - inflation and retail Rolex price increases account for most of this ...in my opinion. I had a very nice, compete set, sold new during 2003, for sale at $6,000 for two months. One person on the board contacted me about the watch....only one. I finally sold it for $5900. While I read about all these members looking for nice 16710s...I'm not seeing it. It is very, very slow out there.

[Maxy]

Originally Posted by springer

As far as a 16710 being an appreciating asset, hundreds of thousands of the GMT II 16710s were made. While they might be appreciating in value, so are many other discontinued Rolex models - inflation and retail Rolex price increases account for most of this ...in my opinion. I had a very nice, compete set, sold new during 2003, for sale at $6,000 for two months. One person on the board contacted me about the watch....only one. I finally sold it for $5900. While I read about all these members looking for nice 16710s...I'm not seeing it. It is very, very slow out there.

This is very interesting to know.

[997.2]

Going up if anything. No way they will ever go down. Too good. Perfection in my eyes.


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[SeeDweller]

Thanks to everyone for your guidance. I think I'm going to get the newer one - - just feel better about it, and I think I'll wear it for many years to come.... and LOVE it, too!
Will be back on the forum with other items, soon.

Bob

[versatile1]

Originally Posted by swils8610

I know we don't have a crystal ball but any opinions on future value of the Pepsi 16710? Seems they have been going up lately. Thanks!


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In 20 years it should be worth 16-18000
Just shy of the cost of a new GMT master 3

[AL7273]

It appears JK might have already sold that pepsi they had.

I have my pepsi 16710 M Serial 3186 tucked away in the safe...my favorite watch. Special occasions only. I wouldn't sell it for less than $15K even with the dent on it where I dropped it on a marble floor. (it happens).

I think you can't go wrong on any pepsi you buy.

[Tseg]